📌 Cardano will defeat the state by 2030 – Charles Hoskinson.
– Cardano is growing and could take the state onto the blockchain by 2030.
Charles Hoskinson reveals an important vision for the future of the protocol.
Charles Hoskinson, founder of Cardano, shares his bold vision for the development of a decentralized and self-managed system of protocols. In a video on Site X, Hoskinson explained why his plan will work.
He believes that while running a nation-state by 2030 may seem ambitious, it’s doable because Cardano can handle it.
Hoskinson believes Cardano can support running a nation-state with a population of millions. This means using the blockchain for voting, governance and currency management.
The goal is to create a decentralized system that works seamlessly based on smart contracts and decision-making on the blockchain.
Cardano’s founder says that this goal is achievable if the community has the courage to implement it. He stresses that Cardano has everything it needs to create such a decentralized system: people, resources and technology. He said:
We can start a revolution and reclaim our digital lives.
Hoskinson believes that ecosystems are a way to empower people to resist centralization. He wants people to take their data, privacy and control away from centralized systems. Hoskinson calls for collective action, determination, and collaboration in the Cardano ecosystem.
he hints at an upcoming referendum to show that the Cardano community is committed to its core beliefs. In the referendum, the network’s government will determine the future path of Cardano’s development. Hoskinson hopes that Cardano will be able to fulfill its mandate after the efforts made over the past seven years.
However, Mr. Hoskinson urged members of the community not to get carried away with blockchain comparisons. He emphasized that all blockchains have the same goal. It is to fight centralization and provide a better future for people through blockchain technology.
the Cardano network has undergone many updates and seems ready to realize Hoskinson’s ambitious vision. The latest of these is the Chan hard fork, which introduced governance features to the blockchain.
Meanwhile, according to Cardano’s weekly development report, preparations for the release of node v.10.0 continue, with the Mithril 2442.0 distribution also released and Catalyst Funds13 being reviewed.
As for the state of the blockchain, 1,376 projects have been created and 1,316,000 wallets have been delegated. In addition, the protocol has now processed a total of 97.92 million transactions.
In his video message, Mr. Hoskinson urged members of the community to stop comparing blockchains. This influenced the decision of EMURGO, the commercial arm of Input Output Global, to partner with BitcoinOS.
Together they launched a bridge to the Layer-1 network. Cardano and Bitcoin blockchains can now be connected using the BitcoinOS Grail Bridge.
The goal is to facilitate the flow of liquidity between the two chains: according to the BitcoinOS protocol, the new connection will allow users to use the “zero-knowledge” cryptography on which Grail Bridge is based.
How will this affect the price of ADA?
Interestingly, in the last 24 hours, the trading volume of Cardano increased by 73.85% to 440.58 million U.S. dollars. Despite price predictions, this surge could be a sign of community confidence in the ecosystem.